A short sale occurs when a homeowner owes more on their loan than a property is worth. In this situation, a short sale real estate agent will talk to the lender to try to get them to accept a lesser amount to close the property.
In many cases, banks agree to short sales to avoid the process of foreclosure. These sales can also help banks retain properties without ending up with deferred maintenance. Check out this video to learn more about short sales.
If you are in a tricky financial situation, it might be time to short sell your home. Find a real estate agent serving Atlanta so you can figure out the best way to sell your property and start improving your finances.